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Modernising Corporate Reporting consultation
07 September 2026
Type
Written Ministerial Statement
Department
Department for Business, Innovation, Science and Trade
At a Glance
Issue Summary
The statement announces the launch of a public consultation to modernise the UK's corporate reporting framework.
Action Requested
The Government invites views on resetting the purpose of company annual reports and accounts to provide decision-useful information for stakeholders. The consultation will remain open for 12 weeks, after which the Government will analyse responses and refine policy proposals.
Key Facts
- The consultation was announced by Minister McDougall in October 2025.
- The consultation aims to simplify and modernise corporate reporting.
- The consultation period is 12 weeks.
- Copies of the consultation will be placed in the Libraries of both Houses.
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Assessment & feedback
Summary accuracy